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SNYCO, INC. v. PENN CENTRAL CORP.

Civ. A. No. 82-2262.

551 F.Supp. 949 (1982)

SNYCO, INC. v. PENN CENTRAL CORPORATION, a Pennsylvania corporation, Buckeye Petrofuels Company, a Pennsylvania corporation, Buckeye Pipeline Company, an Ohio corporation, and D.J. Witman Co., a Pennsylvania corporation.

United States District Court, E.D. Pennsylvania.

November 24, 1982.

Attorney(s) appearing for the Case

James Curtis Wood, John B. Lampi, Harrisburg, Pa., for plaintiff.

Ralph W. Brenner, Francis P. Newell, John E. Caruso, Montgomery, McCracken, Walker & Rhoads, Philadelphia, Pa., for defendants.

Carl Helmetag, Jr., Philadelphia, Pa., for Penn. Central Corp.

MEMORANDUM AND ORDER

TROUTMAN, District Judge.

In August 1980, plaintiff, Snyco, Inc., conveyed its liquid petroleum distributorship to defendant, D.J. Witman Co. (Witman) which received plaintiff's assets, accounts receivable, inventory, equipment, motor vehicles and customer lists. Under the agreement, plaintiff left the liquid petroleum market and agreed not to compete therein for a term of five years. The agreement further provided a specific formula...

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